Context Capital Management LLC Buys New Shares in Galata Acquisition Corp. II $LATA

Context Capital Management LLC purchased a new stake in shares of Galata Acquisition Corp. II (NASDAQ:LATA) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 200,000 shares of the company’s stock, valued at approximately $2,040,000.

A number of other institutional investors also recently bought and sold shares of the stock. Sona Asset Management US LLC purchased a new position in Galata Acquisition Corp. II during the first quarter worth $1,411,000. Rivernorth Capital Management LLC bought a new position in Galata Acquisition Corp. II during the first quarter valued at $2,997,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in Galata Acquisition Corp. II during the first quarter valued at $4,995,000.

Galata Acquisition Corp. II Price Performance

Galata Acquisition Corp. II stock opened at $10.26 on Wednesday. Galata Acquisition Corp. II has a 1-year low of $9.91 and a 1-year high of $10.23. The company’s 50-day moving average is $10.21 and its 200 day moving average is $10.11.

Galata Acquisition Corp. II (NASDAQ:LATA) last announced its earnings results on Wednesday, August 12th. The company reported $0.06 earnings per share (EPS) for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Galata Acquisition Corp. II from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, August 14th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company currently has an average rating of “Sell”.

Galata Acquisition Corp. II Profile

Galata Acquisition Corp. II is a special purpose acquisition company (SPAC) formed to identify and complete a business combination, such as a merger, capital stock exchange, asset acquisition, or similar transaction, with one or more operating businesses. As a SPAC, the company does not currently operate a traditional commercial business and does not offer products or services to customers. Its activities are primarily focused on evaluating potential acquisition targets, completing a transaction, and supporting the resulting combined company.